Energy Policy in ERCOT with Caitlin Smith (VP of Policy & Corporate Comms @ Jupiter Power)

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Mar 14, 2024

Caitlin Smith, VP of Policy at Jupiter Power, discusses ERCOT's policy-making process. They explore changes in energy policy, ideologies, and battery storage services. The podcast delves into Jupiter Power's approach to policy changes in their markets, highlighting the evolution of ERCOT's energy policies and the role of storage technologies.

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INSIGHT

ERCOT Policy Discussions

ERCOT policy discussions often repeat, especially regarding resource adequacy.
Load characteristics have changed more notably than the increase in renewables.

INSIGHT

Ancillary Services Cost

Holding ancillary services in reserve increases energy costs by tightening supply.
Higher prices during scarcity incentivize future resource development in ERCOT's energy-only market.

INSIGHT

Standalone Storage Benefits

Standalone storage in ERCOT is well-suited to the energy-only market's price signals.
Pre-IRA tax credits for co-located storage restricted market participation by mandating charging from solar.

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ERCOT’s role in shaping Texas’s energy future relies on its framework of policy making, to ensure reliability, affordability, and sustainability across the state. With stakeholders ranging from utilities and generators to regulators and consumers, numerous voices are helping to shape policies that promote clean energy adoption while ensuring grid stability.

In today’s episode, Quentin is talking to VP of Policy & Corporate Communications at Jupiter Power - Caitlin Smith about how descisions and policy is made in ERCOT. Over the conversation they, discuss:

The process of policy and decision-making ERCOT.
Policy frameworks and changes Caitlin has witnessed over her career and how these have changed the ERCOT landscape.
The differences in ideology around energy policy and resource adequacy .
Ancillary services for battery energy storage in ERCOT
How Jupiter power is thinking about policy changes, across their operational markets.

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About our guest

Jupiter Power is an energy storage independent power producer, putting deep energy storage expertise, proven project execution capability, and significant capital to work to help make the energy transition a reality. For more information on what they do, head to their website.

About Modo Energy

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Built for analysts, Modo helps the owners, operators, builders, and financers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain and ERCOT.

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